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NBU Council approves main principles of monetary policy for 2013

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Sept. 5, 2012, 7:27 p.m. | Business — by Interfax-Ukraine

The Council of the National Bank of Ukraine at a meeting on Wednesday, Sept. 5, approved the basic principles of the monetary and credit policy for 2013, while the final wording of the document will be made public after consultations with the Cabinet of Ministers, NBU Council member Vasyl Horbal has reported.
© Sohei Yasui

The Council of the National Bank of Ukraine (NBU) at a meeting on Wednesday approved the basic principles of the monetary and credit policy for 2013, while the final wording of the document will be made public after consultations with the Cabinet of Ministers, NBU Council member Vasyl Horbal has reported.

"We as is traditional made the decision not to promulgate the basic principles until consultations with the cabinet are held. They will be published after they are determined," he said.

NBU Council member Petro Poroshenko told reporters that the basic principles of the monetary and credit policy for 2013 fully correspond to the government's macroeconomic forecast.

"They [the basic principles] fully correspond to the macroeconomic forecast made by the government and the functions of the NBU on ensuring the stability of the national currency," he said.

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